IRS

Elon Musk and Jeff Bezos paid zero income tax some years, IRS records show

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REVEALED: Billionaires Elon Musk and Jeff Bezos paid ZERO federal income tax some years, according to secret trove of IRS records from America’s 25 richest people The IRS records from the 25 wealthiest people in the United States were obtained by ProPublica and published on Tuesday  The records show that Amazon founder Jeff Bezos paid … Read more

Executors undervalued Prince’s estate by $80M, IRS claims as it demands millions more in taxes

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The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50 per cent, or about $80million. The IRS determined that Prince’s estate is worth $163.2million, overshadowing the $82.3million valuation … Read more